Save on 2008 Toyota RAV4 Insurance Cost

Searching for cheaper insurance rates for your Toyota RAV4? No one in their right mind enjoys paying for insurance, in particular when their premiums are too high.

Companies like GEICO, 21st Century and Progressive continually bombard you with ad campaigns and it is challenging if not impossible to see past the corporate glitz and find the best price available.

You should make it a habit to check insurance prices quite often since rates are usually higher with each renewal. Even if you got the best price for RAV4 coverage six months ago other companies may now be cheaper. Ignore everything you know about insurance because you’re about to find out how to use the internet to buy cheaper insurance.

If you currently have a car insurance policy, you will most likely be able to save some money using these methods. Buying car insurance is easy if you know what you’re doing. Although car owners should learn how big insurance companies price online insurance.

Do you qualify for discounts?

Auto insurance companies do not advertise all available discounts in an easy-to-find place, so the following is a list of both well-publicized as well as the least known savings tricks you should be using.

  • Club Memberships – Participating in a qualifying organization could trigger savings when shopping for auto insurance for RAV4 coverage.
  • One Accident Forgiven – A few companies will forgive one accident before your rates go up so long as you haven’t had any claims for a particular time prior to the accident.
  • Safe Driver Discount – Drivers who don’t get into accidents can pay as much as 50% less for RAV4 coverage than drivers with accident claims.
  • 55 and Retired – If you’re over the age of 55, you may qualify for reduced rates for RAV4 coverage.
  • Sign Online – Some insurance companies will give a small break just for signing your application online.
  • College Student – Kids in college who are attending college and do not have access to a covered vehicle may be able to be covered for less.
  • Seat Belt Usage – Using a seat belt and requiring all passengers to use their safety belts could save 15% on the medical payments or PIP coverage costs.
  • Auto/Life Discount – Some companies give better rates if you take out a life insurance policy as well.
  • No Claims – Drivers with accident-free driving histories can save substantially as compared to accident-prone drivers.
  • Safety Course Discount – Taking part in a driver safety course could save 5% or more if you qualify.

It’s important to note that some credits don’t apply to the entire policy premium. A few only apply to the cost of specific coverages such as liability and collision coverage. Just because you may think it’s possible to get free car insurance, it just doesn’t work that way.

To see a list of insurers who offer auto insurance discounts, click here to view.

Don’t assume everyone needs the same coverage

When choosing the best insurance coverage, there is no best way to insure your cars. Each situation is unique and a cookie cutter policy won’t apply. For instance, these questions may help highlight if your situation could use an agent’s help.

  • Who is covered by my policy?
  • Do I need roadside assistance coverage?
  • Why am I required to get a high-risk car insurance policy?
  • Can I get a multi-policy discount?
  • Can I afford to pay high deductible claims out of pocket?
  • Does my 2008 Toyota RAV4 qualify for pleasure use?
  • When do I need to add a new car to my policy?

If you don’t know the answers to these questions but one or more may apply to you, then you may want to think about talking to a licensed agent. If you don’t have a local agent, take a second and complete this form or you can also visit this page to select a carrier

Auto insurance coverages 101

Learning about specific coverages of your policy can be of help when determining appropriate coverage for your vehicles. Auto insurance terms can be impossible to understand and nobody wants to actually read their policy. Below you’ll find the usual coverages available from auto insurance companies.

Auto liability insurance

This coverage provides protection from damage or injury you incur to other’s property or people by causing an accident. This coverage protects you against claims from other people. It does not cover damage sustained by your vehicle in an accident.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have values of 100/300/100 that translate to $100,000 bodily injury coverage, a limit of $300,000 in injury protection per accident, and $100,000 of coverage for damaged propery.

Liability insurance covers claims like legal defense fees, emergency aid, medical services and loss of income. How much liability should you purchase? That is up to you, but it’s cheap coverage so purchase as much as you can afford.

Collision protection

This pays for damage to your RAV4 resulting from colliding with another car or object. You will need to pay your deductible and then insurance will cover the remainder.

Collision insurance covers things such as hitting a parking meter, colliding with a tree, colliding with another moving vehicle and crashing into a building. This coverage can be expensive, so consider dropping it from lower value vehicles. You can also bump up the deductible to bring the cost down.

Uninsured/Underinsured Motorist (UM/UIM)

Your UM/UIM coverage gives you protection from other motorists when they either are underinsured or have no liability coverage at all. Covered claims include hospital bills for your injuries as well as your vehicle’s damage.

Since many drivers only purchase the least amount of liability that is required, their limits can quickly be used up. This is the reason having UM/UIM coverage is a good idea.

Med pay and Personal Injury Protection (PIP)

Personal Injury Protection (PIP) and medical payments coverage kick in for short-term medical expenses like ambulance fees, doctor visits, funeral costs, nursing services and X-ray expenses. They are often used to fill the gap from your health insurance program or if there is no health insurance coverage. They cover you and your occupants and also covers being hit by a car walking across the street. PIP coverage is not available in all states and gives slightly broader coverage than med pay

Comprehensive insurance

Comprehensive insurance pays to fix your vehicle from damage from a wide range of events other than collision. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers things such as damage from flooding, a broken windshield, falling objects, damage from a tornado or hurricane and hitting a deer. The highest amount your auto insurance company will pay is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

More quotes. Lower rates.

Cost effective 2008 Toyota RAV4 insurance can be found online in addition to many insurance agents, so you should be comparing quotes from both to have the best rate selection. A few companies do not provide the ability to get a quote online and these small insurance companies work with independent agents.

When trying to cut insurance costs, you should never buy poor coverage just to save money. Too many times, someone sacrificed liability limits or collision coverage to discover at claim time that they should have had better coverage. Your goal should be to purchase a proper amount of coverage at the best price, not the least amount of coverage.

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